Seagate Development Group Acquires 10-Acre Beachfront Land In Fort Myers Beach For $52M

The largest available piece of real estate in Fort Myers Beach, the Red Coconut RV Park, has been sold for $52 million. Seagate Development Group acquired the 10-acre beachfront property from the Myers family, marking the end of their ownership era since 1984. The sale comes a year after Hurricane Ian destroyed the park. Seagate Development Group plans to undertake a comprehensive renovation of the property.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $52,000,000
• Address: 3001 Estero Boulevard, Fort Myers Beach
• Market: Fort Myers Beach
• ACRES: 10

The buyer in the transaction is Seagate Development Group, represented by Matt Price. They were assisted by Justin Thibaut and Alexis North from LSI Companies Inc. On the other hand, the seller, the Myers family, was represented by Matt Simmons from Maxwell, Hendry & Simmons.